Why would CNBC give any positive coverage to this stock? Then they wouldn't get Tilson, Left, etc. on their shows.
mkt is treading water ofr a few days until FOMC minutes and earnings season. I'm getting lots of chores done today and tomorrow.
Hardly anybody believes that. Companies like Salix were acquired for far more than they were worth. A lot of goodwill is going to be written down when they issue the 10-K. The end game is bankruptcy, probably in a matter of months. That is why OCC is listing $2.5 puts.
They're just *asking* for more time to file.
What's shocking is that they know they need 4 more months to file a quarterly report. Every other company does quarterly reports within a few weeks after the quarter ends. They are in deep doodoo.
If it's good, it means the economy is booming and corporate earnings will go up.
If it's bad, it means Fed will postpone rate hikes and maybe even start another round of QE.
Huh? Secondaries are almost always priced a bit below market price. Purchases that are way above the market price are typically fictitious (see NQ).
Not sure what you mean by "things are going up". Just three weeks ago, they reported comparable store net sales down 17%, material weakness in the 10K for 2015 because they did not maintain effective internal controls, and they declined to provide 2016 guidance.
How else to explain why they're still holding this stock?